Britain is not just out of recession. It is out of recession with a bang. The economic growth we saw reported this morning by the Office for National Statistics is not just faster than most economists expected, it is the fastest growth we’ve seen since the tail-end of the pandemic when the UK was bouncing
The UK economy is no longer in recession, according to official figures. Gross domestic product (GDP) grew by a better-than-expected 0.6% between January and March, the Office for National Statistics (ONS) said. Economists in a Reuters poll had predicted the figure would be 0.4%. A recession, which is defined as two consecutive three-month periods where
BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images Semiconductor Manufacturing International Corporation on Friday warned of intense competition in the chip
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Brad Smith, vice chair and president of Microsoft, speaks at Gateway Technical College in Sturtevant, Wisconsin, on May 8, 2024. Alex Wroblewski | Bloomberg | Getty Images A House committee wants Microsoft‘s top lawyer, Brad Smith, to attend a hearing this month on exploits of
Two skiers have been killed during an avalanche in mountains near Salt Lake City. The men, aged 23 and 32, were swept up in the avalanche in Utah’s Wasatch Range on Thursday morning. A third skier was rescued and taken to hospital after digging himself out from the snow, according to Salt Lake County Sheriff
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT A building of Stockholm Exergi in Stockholm, Sweden, Sept. 5, 2022. He Miao | Xinhua | Getty Images Microsoft signed a deal to remove to permanently remove 3.3 million metric tons of carbon dioxide with Swedish energy company Stockholm Exergi, the companies announced on Monday.
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Tesla is being accused of taking steps to
BP pulse, the fossil fuel giant’s EV charging division, is asking property owners left in the dark by Elon Musk firing Tesla’s charging team to give them a call as it plans to scoop up some of the sites. Last week, Elon Musk fired Tesla’s entire charging team to make a statement against the head
D’Arcy Maine, ESPN.com May 9, 2024, 01:54 PM ET Open Extended Reactions Andrey Rublev fell onto his back, legs outstretched with his hands covering his face. Red clay covered his shirt and his legs as he stood up seconds later. He let out a deep exhale. He had arrived in Madrid without a match win
Politics has thrust its way into this year’s Eurovision Song Contest, with several of the finalists referring ongoing global disputes while speaking about their progression into the final stage of the competition. Latvian act Dons, whose song Hollow is about insecurity, was the first to use his platform to shine a light onto the troubled
Benjamin Netanyahu has vowed Israel will “stand alone” if it has to in its war against Hamas, after the US threatened to stop sending some weapons to its ally. President Joe Biden earlier said the US would halt offensive munitions supplies to Israel if it attacks the southern Gaza city of Rafah. The Israeli prime
Justin and Hailey Bieber have announced they are expecting their first child. Hailey, the 27-year-old model, posted a video and a series of photos on Instagram showing off her baby bump. Justin, 30, is also in the social media footage and has shared his wife’s post. The announcement did not include a caption, with Hailey
May 9, 2024, 04:00 AM ET Open Extended Reactions The 2023-24 Champions League semifinals are all wrapped up with plenty of drama, an upset and heartbreak. Borussia Dortmund delivered the final blow to beat Paris Saint-Germain on their own ground in France, leaving Kylian Mbappé without a European trophy as he prepares to make his
A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a “significantly weaker” margin in fuels and lower gas and oil prices. The British energy giant logged underlying replacement cost profit, used as a
The MP who defected from the Tories to Labour yesterday has apologised for comments she made supporting her ex-husband after he was convicted of sexual assault. After former Tory MP Charlie Elphicke was jailed for two years in 2020 for assaulting two women, Natalie Elphicke told the Sun the fact he was “attractive” and “attracted
A US warship has sailed through the Taiwan Strait – prompting an angry response from China. The US Navy said the USS Halsey conducted a “routine Taiwan Strait transit” on Wednesday, “through waters where high-seas freedoms of navigation and overflight apply in accordance with international law”. The guided missile destroyer passed through a corridor “beyond
How soon is too soon? That’s the question exercising members of the Bank of England‘s monetary policy committee (MPC) at the moment. All nine members know that interest rates, currently at 5.25%, will have to be cut in the coming months. After all, high interest rates represent a brake on the economy and it’s becoming
The Killers’ Mr Brightside has overtaken Oasis’s Wonderwall to become the biggest single to have never reached number one in the UK. The crowd-pleasing classic of student nights and cover bands only peaked at number 10 – but has remained a popular earworm for years. Two decades after its first release, it’s racked up 1.066m
The mastermind behind an extreme body modification ring that carried out “grizzly and gruesome” procedures including castrations has been jailed for life with a minimum term of 22 years. Warning: The following article contains graphic details of extreme physical mutilation Marius Gustavson, 46, ran a “lucrative business” sharing images of “dangerous, unnecessary and life-changing surgeries”
The Bank of England has edged closer to a cut in interest rates, with another member of its nine-person Monetary Policy Committee (MPC) voting for lower borrowing costs this month. While the MPC voted 7-2 to leave UK interest rates on hold at 5.25%, the change in the vote will be seen as a further